| With literally thousands of franchises in business today, | | | | time to do/make or despise doing and, thus, would |
| you can quickly become mentally exhausted when | | | | rather pay someone else for. Stay away from fads, |
| researching which opportunity is the best. There is no | | | | as they are unpredictable and don't provide longevity. |
| "best franchise" out there that all franchise seekers | | | | Market potential versus the competition. It's wise to |
| should sign on for. Do you honestly believe that there is | | | | choose a franchise that has little or no competition |
| this line of people a mile long outside of Mcdonald's | | | | from other similar, established franchises. You wouldn't |
| franchise development office? Of course not. How | | | | (and shouldn't) locate a Quiznos franchise within a |
| come? | | | | block of two Subway restaurants that have been |
| The answer is rather obvious. What is best for you | | | | there for two years and are always crazy busy. |
| may not be best for me. Maybe you love the idea of | | | | Ideally, pick a franchise where your main competition |
| managing 10 or 20 employees and would thoroughly | | | | comes from small mom and pop stores, which allow |
| enjoy the pride and prestige of franchising for the | | | | you to dominate and thrive. |
| world's best known fast food brand. Someone else | | | | The leader in it's category. A major contributor to your |
| may have just been laid off after 20 years of service | | | | potential success a franchisee is teaming with a |
| for a computer software company and now wants to | | | | franchise in which they are the undisputed leader. |
| pursue his dream of a franchise opportunity that is | | | | A dominant brand. Brand recognition is huge. Aamco = |
| home based and requires zero employees. You see, it | | | | transmissions. Fantastic Sams = hair care. This is a |
| all depends on your unique values and interests. The | | | | major reason to franchise in the first place. |
| product or service you offer should be secondary to | | | | Growth Opportunities. Look for a franchise that |
| the type of lifestyle your business will allow you and | | | | encourages you to buy a 3-pack or a 5-pack. Or one |
| your specific role as a franchisee. | | | | that markets the rights to become an area developer |
| That being said, however, there are several essential | | | | or a master franchisee. These are strong indicators |
| features to look for when evaluating any franchise | | | | that the franchise is thriving and planning to expand |
| business. Here are the top six: | | | | and grow the business. |
| Stable industry. You need to be marketing something | | | | There are plenty of franchise businesses out there |
| that will be profitable no matter the economy. One | | | | that provide the above key components. The tricky |
| example is a disaster restoration franchise in which the | | | | job is identifying and finding them. That's where an |
| franchisee organizes the clean-up process for | | | | experienced franchise consultant with a vast inventory |
| businesses when fires or water damage occurs. As | | | | of various opportunities can be a valuable resource to |
| the franchisee, you are assured immediate payment | | | | you. Call me for a free franchise discussion and |
| by the insurance company to clean up the water | | | | together we can identify the best options for you and |
| damage or rebuild after a fire and those repairs need | | | | your situation. |
| to happen immediately. | | | | Register for your Free Franchise Consultation. The |
| A necessary, recession-resistant product or service. | | | | Franchising Authority will help you find your perfect |
| Choose something that consumers either don't have | | | | franchise! |